UK signals end of 'light-touch' era with multi-agency raid on peer-to-peer crypto hubs
Increased enforcement coincides with detailed regulatory guidance issued to crypto firms ahead of the full framework taking effect in late 2027.
Source: CoinDesk
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DW NOTE
The FCA shut down three P2P crypto sites in London because none are registered — which means all are illegal. Britain's regime doesn't permit informal cash-for-crypto exchanges; it requires registration, AML compliance, and regulatory approval starting Sept. 30. The raid signals enforcement before the framework even takes full effect in October 2027.